PPP Loan Data — Percy, Inc, Chicago, IL
Percy, Inc is a corporation located at 2109 S Wabash Ave Ste H in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,387.00 in May, 2020.
The company has reported itself as a Black or african american female owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Percy, Inc in Chicago, IL received a Paycheck Protection Loan of $46,387 through Fifth Third Bank, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Percy, Inc's 2019 payroll expenses are estimated to be at least $222,658.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,266 per employee1
Reported PPP Proceed Usage:
On the PPP application, Percy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,387
Business Information - Percy, Inc in Chicago, IL
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Percy, Inc's reported 10 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,387.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!